The state pension fund is conservatively managed and fully funded. We live in Colorado, with a stable and growing economy, so I think the pension is a very secure asset.

Even so, how much of your retirement income will this pension represent? And how much will this 6 year buy in equal?

You could be putting yourself in a position of someone buying company stock and it representing 80% of their retirement. Strong company, massive market share, etc., etc., etc., until it doesn't. And then retirement is delayed or totally disappears. I'm sure Illinois and California pensions looked good at one time.

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